Mexus Gold US (MXSG)

[F4Uvet]

"Also, General & Administrative Expenses continue to remain high. This year was almost $1,000,000. This continues to be a red flag for me. I think there should be a more detailed accounting of this expense than a single line item."


Examples of general and administrative expenses are:

Accounting staff wages and benefits. >> Accounting expenses are a separate item

Building rent. >> n/a

Consulting expenses. >> I think all of the consultants left (or were fired)

Corporate management wages and benefits
such as for the chief executive officer and support staff) >> Support the CEO and his Cessna 150

Depreciation on office equipment. >> computer and calculator getting old > great write off

Insurance. > Insurance against law suits by investors ?

Legal staff wages and benefits. > MXSG stated they are not involved in litigation

Office supplies. >>> there are those damned expensive pencils and erasers again



Close to $1,000,000 "Let's write it off to "General Expenses"